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Just Other Articles - Showing Up In The Down Times
Are you in a business that slows down around the holidays? Are there other times of the year when business is traditional
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
ly slow for you? I know very well how easy it is at times like this to moan and groan and worry about not making enough m
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
oney. Or to obsess about what’s not working and think there must be something wrong if business is not flowing with the s
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
me regularity all year round.
The truth is, it’s a fact of business life.
Have you heard the saying “Most of success is
The truth is, it’s a fact of business life.
Have you heard the saying “Most of success is
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
showing up?” You can still show up for your business even when clients are not beating your door down. In fact, these ti
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
mes are a great opportunity to catch up on all those activities that get pushed to the sidelines when business is booming
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
I’ve put together a short (by no means exhaustive) list with ideas of things to do when you have time on your hands.
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
i>Revisit your marketing strategy and business goals and update your plans.
Write articles that you can publish to g
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
et more exposure for your business, or dig out those old articles that are hiding on your hard drive and submit them to i
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
ternet sites.
Write a series of articles for your ezine so that you have a six months’ supply ready to go. It will s
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ave you time down the road when your business is booming again.
Develop a new workshop or informational product.
Start a blog.
Pursue joint ventures with people who are not in competition with you but who know your perfect cl
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
i>Ramp up your networking with your strategic partners. Take this time to get to know them better and find out how you ca
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
help each other’s businesses grow.
Review your website, brochures, fliers, sales letters and update/rewrite them.
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ients.
Finally start working on that book you‘ve been dreaming of.
Create a new speech to promote your busines
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
.
Clean up your computer files.
Set up systems to streamline your business so you can save time and money.
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
>
Of course you could also plan your vacation for those times when business slows down. That way you’ll come back refres
Of course you could also plan your vacation for those times when business slows down. That way you’ll come back refres
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
hed, with new perspectives, and ready to hit the ground running!
I guarantee if you use your slow times to pursue some
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
f these activities, it will pay back in spades. Not only will you have more to offer your new clients when they begin str
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
eaming through your door, but you will have used your time wisely to focus on positive ways to move your business forward
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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